Hong Kong Economic and Trade Office, USA
Hong Kong
News Release



Hong Kong Ranked World’s Third Easiest
Place to Do Business

 

World Bank Releases Doing Business 2020 Report



For more information, please contact

Daniel McAtee in Washington, D.C.: (202) 238 6360
Melissa Ng in New York City: (212) 752 3320
Wing Yan Tong in San Francisco: (415) 835 9315

 




October 24, 2019 - Hong Kong’s performance in the ease of doing business further improved this year to rank third globally among 190 economies, moving up one place from last year, according to the World Bank’s “Doing Business 2020 Report” released today. The report compares the business environment in various economies across 10 indicators.

The score of Hong Kong increased to 85.3 this year, reflecting continuous enhancements in the city’s business facilitation measures. The World Bank commends Hong Kong for the successful implementation of reform initiatives to improve the ease of doing business in the city. Hong Kong has maintained its top rankings in the report for the past decade, re-affirming its favorable business environment for overseas companies to set up their regional headquarters and offices.

The government will study the report carefully and continue to work closely with the business sector and other stakeholders to reform the existing regulatory regimes, enhance regulatory efficiency and reduce business compliance costs so as to further improve the business environment in Hong Kong.


2020 © | Important notices       Privacy policy      Accessibility                                                                                                                                                    Last Revision Date: April 30, 2020

 

Web For All W3C Web Accessibility initiative    
This website adopts web accessibility design and conforms to the World Wide Web Consortium (W3C) Web Content Accessibility Guidelines (WCAG) 2.0 Level AA standard. Should you have any enquiries or comments on its accessibility, please contact us by phone or email.